With the objective of founding the Latvian Museum of Contemporary Art, the ABLV Charitable Foundation and the Boris and Ināra Teterev Foundation have founded the Latvian Museum of Contemporary Art Foundation. 

Drawing on the founders’ funds and other financing from private individuals and in partnership with the Ministry of Culture of the Republic of Latvia, the Foundation’s goal is to build the Latvian Museum of Contemporary Art, ensure the museum’s operation and governance, including the formation, maintenance and researching of the museum’s collection of contemporary art.

Believing that private initiative is of great importance to the development of society, the founders of the new foundation hope that this step will provide a powerful boost to the development of contemporary arts processes in Latvia, encouraging the formation of an integrated cultural space and making Riga a well-known and distinctive tourism destination. It is agreed that the Foundation’s founders will provide financing in the amount of at least €30 million for the development of the museum.

The Latvian Museum of Contemporary Art Foundation plans to open the museum building on 18 November 2021. After it enters service, the museum’s operations will be organised in accordance with the Republic of Latvia’s Museums Law, so that in conformity with the operating principles of a private accredited museum, the museum will be accessible to the general public and its collection will be included in the National Museum Collection Catalogue. Read more here.

An online gallery showcasing the seven shortlisted design concepts for the Latvian Museum of Contemporary Art Design Competition was launched by the competition’s organisers, Malcolm Reading Consultants, in association with the Latvian Museum of Contemporary Art.  The competition jury has selected Adjaye Associates – working with the Latvian team AB3D – as the winner of the international competition. 

The place planned for the construction of the Museum. Photo: Ieva Čīka, LETA

"Time" magazine has included the architect of the Latvian Museum of Contemporary Art Sir David Adjaye in its annual list of the world’s 100 Most Influential People. His contribution to architecture has also been highly recognised by the Her Majesty the Queen of Great Britain, who has appointed the renowned British architect to the Order of Knighthood.

In April 2017, the architecture firm Adjaye Associates won the "Architizer A+Awards" competition in the category “Firm of the Year”. It is the world’s biggest and most prestigious architecture awards programme.

Sir David Adjaye at the public presentation of the Museum’s conceptual design competition (6 June 2016 at Riga Technical University). Latvian Museum of Contemporary Art Foundation publicity photo by Aivars Liepiņš